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Blackstone Bank USA purchased a 1 6 million one - year euro loan that pays 1 3 . 8 2 percent interest annually. The spot

Blackstone Bank USA purchased a 16 million one-year euro loan that pays 13.82 percent interest annually.
The spot rate of U.S. dollars per euro is 1.25.
Blackstone Bank has funded this loan by accepting a British pound-denominated deposit for the equivalent amount and maturity at an annual rate of 10 percent.
The current spot rate of U.S. dollars per British pound is 1.60.
In percentage term, what is the net return on the loan (i.e., the asset)?
Round your answer to the nearest 4 decimal places. For example, if your answer is 1.234567%, then you should enter 1.2346 in the box below. No need to include the % sign.
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